Kenyan shares fell on Friday as investors resumed booking their gains after a two-session pause, while the shilling was stable due to dollar inflows into the local debt market.
The benchmark NSE-20 share index fell 0.86 percent during the session to close at 5,304.41 points.
Market participants blamed the drop on investors taking profits in a pattern that started early this month when the index scaled a seven-year peak.
“We have been in profit-taking mode all this month,” said Aly Khan Satchu, an independent trader and analyst, who said he was bullish about the outlook for the shares this year.
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